Recent articles worth a read:
- October 2024 Investor News
Many Tampa Residents Spend Most of Their Paychecks on Rent
Nearly 30% of Tampa Bay renters spend more than half their income on housing, according to new Census data. Read More…Florida Keeps Building in High-Risk Areas
Florida built 77,000 new properties in high-risk flood areas since 2019, the most in the nation.Read More…Hurricane Anxiety Hits the Florida Landscape
Home sellers and buyers re-think their plans in the wake of two “100-year” hurricanes this Fall. Read More…Tampa Bay Rents Dip Slightly
The average asking rent in Tampa Bay is down almost 2% from last year, but up over 30% from the end of 2019, according to CoStar Group data.Read More..Why Tampa Bay’s Short-Term Rental Market Paces Nation
The areas’ average short-term rental unit receives $52,705 gross revenues annually. Read More… - August 2024 Investor News
In-Migration to Tampa Region Slowed Through Mid-Year
Moving patterns return to pre-pandemic norms amid historic multifamily supply wave. Read More…How to Prep Multifamily Properties for a Hurricane
Ali Pool provides tips for insurance & operating during the expected busy storm season ahead.Read More…Apartments Could Be the Next Real Estate Business to Struggle
Owners of rental buildings face rising interest rates and waning demand in some once booming Sun Belt cities. Read More…Buying a Home? Here’s How Much Money You Need to Make.
First-time homebuyers in Tampa should make $82,528 per year, up 7.8% from 2023.Read More…Tampa’s Century of Transformation
Historians attribute much of Tampa’s success to developments in the 1920s that secured its place as one of Florida’s principal cities. Read More… - June 2024 Investor News
The Golden Age for Rich Renters
Business Insider investigates why wealthy Americans are opting not to buy a home. Read More…To Help St Petersburg Housing Affordability, Look to Older Buildings
A report commissioned by Preserve the Burg found that St Pete’s older buildings lend a crucial hand in providing affordable housing.Read More…Housing Markets on Florida’s West Coast Are Cooling
Redfin reports that the markets are cooling faster than anywhere else in the US. Read More…Landlords Left Unpaid, as Tenant Bankruptcies Rise
Commercial bankruptcies jumped 40% last year, leaving empty storefronts.Read More…Home Buyers Need to Earn $47k More Than in 2020
The income needed to afford a home is up 80% since 2020, while median income has risen 23%. Read More… - April 2024 Investor News
Gen Z Will Pay $23k More For Rent Than Millennials
A study by RentCafe determined that Tampa Bay Gen Z renters will have a higher rent burden, but earn more income. Read More…High Interest Rates Remain Obstacle to Development
A survey of Tampa Bay architects — often the first sector to begin work on development projects — determined that interest rates will slow RE development.Read More…Renting Will Remain Less Expensive Than Buying a Home
With average mortgage payments 38% higher than average apartment rents as of year-end 2023, many U.S. households continue to rent. Read More…Tampa Leads Housing Markets with Largest Price Reductions
An increase in inventory & uptick in price reductions has affected 34 out of the 50 largest metros.Read More…St. Pete Airbnb Sleuth Floods City with Complaints
Armed with reverse image search and aggrieved by St. Petersburg’s unaffordable housing market, Ms. Price has become a thorn in the side of Airbnb owners. Read More… - February 2024 Investor News
Tampa Rent Prices Fell Slightly In 2023
Median rent fell by 0.4 percent in 2023, according to a study by Apartment List. Read More…Meet The Typical Mover to Florida
Millennials and Gen Xers making $55,000 coming from New York and California.Read More…Renting A Home Still More Affordable Than Owning
Median rental rates still require a smaller portion of average wages than major home-ownership expenses. Read More…Meet One Of The Nation’s Epicenters For Institutional Homeownership: Tampa
Tampa is one of six markets that are home to more than 1/3 of all the nation’s institutionally owned single-family residences.Read More…5 Lessons Learned For Office Conversions
No more than 6.9% of office space in urban areas in the U.S. is likely to become apartments because of a range of factors. Read More…